58, SILVER TREES, SHANKLIN, PO37 7ND - £269,000

58 SILVER TREES is a very small detached house of 74m², built sometime between 1976 and 1982. It was last sold for £269,000 in May 2023, which was around 37% below the average May 2023 detached price in the Isle of Wight local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was B.

58 SILVER TREES Sold Prices

Land registry data shows four sales for 58 SILVER TREES since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. All of the four 58 SILVER TREES sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2023 24 MAY	£269,000	£429,799	37% below HPI
2006 1 FEB	£193,000	£235,678	18% below HPI
2004 14 MAY	£190,000	£215,732	12% below HPI
1995 3 FEB	£65,000	£69,350	6% below HPI

58 SILVER TREES Price Paid vs. HPI Average

The below graph shows the average detached house price in the Isle of Wight local authority area over time, sourced from the HPI. The four 58 SILVER TREES sales between February 1995 and May 2023 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the February 2006 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the May 2023 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is 58 SILVER TREES?

58 SILVER TREES is 74m² according to the EPC inspection conducted in September 2020. This puts it in the smallest 20% of detached houses in Shanklin, based on EPC data. The below chart shows the distribution of detached houses by size in Shanklin, and where 58 SILVER TREES lies on this distribution: 15% of detached houses are smaller than 58 SILVER TREES, and 84% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

58 SILVER TREES: Plot and Title Map

58 SILVER TREES sits on a plot of roughly 0.102 of an acre, or 412m². The below map shows the location of 58 SILVER TREES, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 58 SILVER TREES). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 58 SILVER TREES?

58 SILVER TREES is located in SHANKLIN, in the PO37 postcode district. The below map shows the position of No. 58 on SILVER TREES.